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Will County Gazette

Monday, November 25, 2024

Q4 real estate sales report: Crest Hill

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Median prices rose in Crest Hill over last year, and are down 4.9 percent over 10 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 61 homes sold in Crest Hill for a median price of $169,000. That's 6.9 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Crest Hill.

Median property tax for homeowners in Crest Hill was $3,798.88 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Crest Hill real estate: Q4 2009-2018
Properties sold
Median sale price
Change in sale price
2009
71
$177,723
-
2010
61
$157,320
-11.5%
2011
60
$135,600
-13.8%
2012
86
$115,268
-15%
2013
118
$112,590
-2.3%
2014
84
$116,303
3.3%
2015
75
$135,680
16.7%
2016
75
$155,269
14.4%
2017
67
$158,100
1.8%
2018
61
$169,000
6.9%

Median property tax
Median sale price
Effective property tax rate
2010
$4,493.62
$157,320
2.9%
2011
$3,888.64
$135,600
2.9%
2012
$3,846.62
$115,268
3.3%
2013
$3,248.40
$112,590
2.9%
2014
$3,216.98
$116,303
2.8%
2015
$3,174.42
$135,680
2.3%
2016
$3,534.78
$155,269
2.3%
2017
$3,798.87
$158,100
2.4%

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